allocation of plan assets on termination

Definition

The premature payout of pension benefits in the event of an employer going out of business or divestiture from an existing pension plan. Employees may either receive all their personal payments plus interest or a portion of their existing benefits, at the employer's discretion.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
allocation of income rules allocation of purchase price